Question
The following financial information relates to Smooth Suds Brewery Ltd. (amounts in thousands): 2018 2019 2020 Sales $20,100 $25,700 $39,100 Average total assets 22,549 31,149
The following financial information relates to Smooth Suds Brewery Ltd. (amounts in thousands):
| 2018 | 2019 | 2020 | ||||
|---|---|---|---|---|---|---|
| Sales | $20,100 | $25,700 | $39,100 | |||
| Average total assets | 22,549 | 31,149 | 45,247 | |||
| Average shareholders equity | 14,374 | 23,190 | 34,455 | |||
| Net income | 705 | 2,021 | 3,769 | |||
| Gross profit | 10,050 | 13,878 | 21,505 |
Calculate the return on equity for 2018.2019.2020. Round answers to 1 decimal place
Calculate the return on assets for 2018.2019.2020
Calculate the companys gross margin for 2018.2019.2020
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Intermediate Accounting Volume 1
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881237, 9781260881233
